Gold Audit Executive and Accounts Audit Executive

Location

India | India

Job description

Muthoot Finance Ltd is looking for Gold Audit Executive and Accounts Audit Executive to join our dynamic team and embark on a rewarding career journey

Gold Audit Executive:

1. Gold Audit Procedures : Implement and execute audit procedures specifically tailored for gold transactions, investments, or related financial activities.

2. Internal Controls Assessment : Evaluate the adequacy and effectiveness of internal controls related to gold transactions and investments to mitigate risks of fraud, misappropriation, or error.

3. Transaction Verification : Verify the accuracy and authenticity of gold-related transactions, including purchases, sales, transfers, and storage arrangements.

4. Inventory Management : Audit gold inventory records and physical inventory counts to ensure accurate reporting and safeguarding of gold assets.

5. Compliance Monitoring : Monitor compliance with regulatory requirements, industry standards, and internal policies governing gold transactions and investments.

6. Risk Assessment : Assess risks associated with gold transactions and investments, including market risk, credit risk, liquidity risk, and operational risk.

7. Documentation Review : Review documentation related to gold transactions, contracts, agreements, and financial statements to ensure completeness, accuracy, and compliance with legal and regulatory requirements.

8. Reporting and Communication : Prepare audit reports summarizing findings, observations, and recommendations related to gold transactions and investments. Communicate audit results to management and stakeholders and provide guidance on remedial actions.

Accounts Audit Executive:

1. Financial Statement Audit : Conduct audits of financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy, completeness, and compliance with accounting standards and regulations.

2. Account Reconciliation : Reconcile accounts, ledgers, and financial records to identify discrepancies, errors, or irregularities requiring further investigation.

3. Expense Verification : Verify the legitimacy and accuracy of expenses recorded in financial statements, including payroll, accounts payable, travel expenses, and other operating costs.

4. Revenue Recognition : Review revenue recognition practices and policies to ensure compliance with accounting principles and regulatory requirements.
5. Internal Control Evaluation : Evaluate the effectiveness of internal controls related to financial reporting, transaction processing, and asset safeguarding to mitigate risks of fraud, errors, and non-compliance.
6. Audit Testing : Perform audit procedures such as sampling, analytical review, and substantive testing to gather evidence supporting financial statement assertions and audit conclusions.
7. Audit Documentation : Maintain organized and comprehensive audit documentation, including workpapers, memos, and supporting schedules, to facilitate review, analysis, and documentation of audit findings.

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